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Pakistan Braces for More Floods as Death Toll Crosses 1,500

“The economic impact of the floods is a major source of concern for global investors,” said Abdul Kadir Hussain, head of fixed income asset management at Dubai-based Arqaam Capital Ltd. Also, there is nothing tangible on dollar inflows that were supposed to follow the IMF loan, he said. On top of that, political uncertainty continues in the country, Hussain said.

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